We all have favorite celebrities and buy their merchandise. We join fan clubs, go to concerts and buy their movies and CD's, but what few people realize is that it can also be very profitable.

While we're buying all of this merchandise and spending our money on purchases, why not make some money at the same time? Collecting entertainment memorabilia is the way to do it and it won't leave you broke. Autographs, photos and posters are popular right now. You can also buy movie props and original costumes worn by movie stars. The list is endless. There is memorabilia out there that will bring top dollar, but you can find lots of items right now at affordable prices.

First is finding the memorabilia to collect. Estate sales, garage sales and flea markets are a great place to start. You can also find a huge selection online.

Once you find your treasure, do some research to get an idea of what it is worth. If it isn't worth much now, don't worry. In time it will be. The popularity of celebrities is always going up and down. A new blockbuster movie may come out, unfortunately there may be an untimely death, or a celebrity may do something totally outrageous (a few come to mind here.) So if you can't get the price that you want right now, just give it some time and it will become a wanted item sooner or later.

Collecting celebrity memorabilia is also fun. The hunt is just the beginning. It is such an amazing feeling when you get your hands on an authentic one of a kind item from your favorite celebrity and show it to your family and friends.